Toronto-based esports and sports betting operator Rivalry has announced a major financial reset to conclude its strategic review. The company announced a C$5.52 million ($3.9 million) private placement alongside a significant debt restructuring. The move concludes the strategic review process that the company kicked off in April and follows a series of cost-cutting measures. In…
If corporate consolidation of one of the biggest entities in the video game industry by private equity, a Saudi Arabian investment fund, and a major investment firm doesn’t signal a worrying future for EA, leveraging AI to further cut costs will do the trick. The $55 billion required to buy out EA includes $20 billion…
Stuart HarrattEast Yorkshire and Lincolnshire BBC The Lindsey Oil Refinery went into administration in June Almost a third of the workers at the Lindsey Oil Refinery are to lose their jobs. The Insolvency Service said 125 employees would be made redundant at the end of October, with 255 people remaining at the site at North…
A liquidator has been appointed to four companies controlled by Paddy McKillen Jr after a creditors’ meeting last Friday. Accountant Cormac Mohan was approved as liquidator of the four non-trading companies called Ingaro Ltd, a former Oakmount management company; Beautiful Oak Ltd, another small management company; Tomose Ltd, the former Union Café operating…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Kontafarma China Holdings Ltd ( (HK:1312) ) has issued an announcement. Kontafarma China Holdings Ltd announced the potential winding up of its associate, True Concept Ltd, due…